PANews reported on March 12 that according to Nate Geraci, president of The ETF Store, Franklin Templeton, an asset management company with a global management scale of over US$1.5 trillion, has officially entered the XRP ETF competition. According to the preliminary prospectus submitted on March 11, Franklin XRP Trust will issue Franklin XRP ETF fund shares, which mainly holds XRP held by the custodian on behalf of the fund, and aims to track the overall performance of XRP prices. Franklin Holdings, LLC will serve as the sponsor of the trust and fund, and Coinbase Custody Trust Company will serve as the custodian of XRP assets.